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The end of the financial year has brought more changes for licensees which are reflected in their adviser numbers which continued to drop, according to HFS Consulting.
With the cost of Commerce-related degrees rising by 28% the Association of Financial Advisers is pointing to additional impact on a planning industry already hit by adviser exits.
The deputy chair of a key Parliamentary committee has pointed to claims that AMP Limited is charging product manufacturers as much as $22,000 to be included on an approved product list.
The Australian Securities and Investments Commission’s most senior financial planning executives cited advice they had given to the chair of the Financial Adviser Standards and Ethics Authority, Catherine Walter, to drive home their preferred code of ethics points with FASEA executives.
The Australian Securities and Investments Commission actually sought to rein in some elements of the Financial Adviser Standards and Ethics Authority code of ethics that it believed went beyond the requirements of the law.
